On the morning of February 8, the attention of investors was focused on the online conference on real estate credit, chaired by Governor of the State Bank (SBV) Nguyen Thi Hong, representatives of the Ministry of Construction, trade unions and associations. meeting with the 20 largest real estate enterprises to attend.
The stock market reacted cautiously and waited for more results from the real estate credit meeting. The VN-Index increased slightly by 6-8 points near the end of the morning of February 8 following dropping more than 24 points in the previous session.
Banking stocks gained quite impressively. At 11am on February 8, Vietcombank shares increased by 4,200 dong to an all-time high: 96,200 dong/share (adjusted price). Currently, Vietcombank has the largest market capitalization, totaling more than 454 trillion dong, equal to the total capitalization of two other large banks: BIDV and Vietinbank.
BIDV (BID) shares increased by 800 dong to 44,600 dong/share. Techcombank (TCB) of billionaire Ho Hung Anh increased by 250 VND to 27,650 VND/share. TPBank (TPB) of Mr. Do Minh Phu, VIBank (VIB) of Mr. Dang Khac Vy, VPBank (VPB) of Mr. Ngo Chi Dung… all increased slightly.
However, the group of real estate stocks was quite differentiated.
Stocks of billionaire Pham Nhat Vuong are under strong selling pressure. Vingroup shares (VIC) decreased by 1,200 VND to 53,800 VND/share; Vinhomes (VHM) shares fell 1,150 dong to 45,650 dong/share. Vincom Retail (VRE) stood at 28,550 VND/share.
Novaland (NVL) also fluctuated strongly, sometimes increasing and decreasing. Phat Dat (PDR), Khang Dien House (KDH), Ha Do (DHG), DIC Corp. (DIG)… most of the time discounts.
The real estate market has capital from many channels: own capital, advance capital of home buyers, capital issued for stocks and bonds, direct investment capital from foreign investors and bank credit capital. row.
